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Saturday, March 28, 2015

Evictions are Expensive - Verify a Tenants Income and Employment with Tenantify

This is a sponsored post written on behalf of Tenantify, a service that verifies a tenant's income and employment. All experiences, thoughts, and opinions are my own.

Do you have a property that you rent out or thinking about renting out a room, home, or other property? Renting out a property is one of the best ways to make a passive income. The key is to find a good tenant who has enough income to pay the rent each month and not to just take their word for it. Tenantify can make this part really easy for you by confirming a potential tenants employment and income, and eliminating the hassle and cost to the landlord.

You should know, for sure, that your tenant has an income.

We had a "roomate" for 1 year while we were working in another state. It took thousands off our mortgage that year, especially since our home and utilities were paid for while we worked in Florida. Luckily we worked with the guy for 7 years so we already knew he had a great job and as his boss, at one time, I knew exactly what he made.

How does Tenantify verify income and employment?

Basically, you sign up with Tenantify. They take information from the potential tenant and deliver an authenticated bank statement from the tenant to the landlord, securely, without risk of fraud. Then the employer is sought, verified, and contacted to confirm employment.

You will still have to trust your gut feelings about a person. However, Tenantify will give you a better sense of the person/people you are about to allow into your property. You will know where they work, that they are being truthful about what they put on their paperwork, and that they have the money to pay their rent.

Make sure you get proof that your tenant has a job.

Tenantify is FREE for the landlord.

The services are always free for the landlord because the potential tenant pays the bill.

How it works for the tenant:

Before you let a stranger into your property, sign-up for Tenantify and get the information about their employment and income delivered securely to you.

Once you have the right tenant, sit back and enjoy the passive income as the rent checks come rolling in and make sure to save some of it for later!